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Feature Article

Enel SpA: Bringing Renewable Energy to Emerging Markets

By Roger S. Conrad on Mar. 10, 2019

It’s been nearly a dozen years since Italy’s Enel SpA (Italy: ENEL, OTC: ENLAY) acquired a majority stake in Spain’s Endesa SA (Spain: ELE)—and immediately became the largest holder of electricity assets in South America as well. That was thanks to a much earlier merger between Endesa and the former Enersis of Chile, which had built a collection of assets across several countries most importantly Brazil.

TransCanada Corp: Midstream with Momentum

By Roger S. Conrad on Mar. 10, 2019

TransCanada Corp (TSX: TRP, NYSE: TRP) has long been synonymous with the delayed north leg of the Keystone XL pipeline. Earlier this decade, the project to deliver Alberta oil to the US Gulf Coast seemed a sure thing. Then it became the one pipeline the Obama Administration rejected, only to be revived by the Trump Administration.

Follow the Growth

By Roger S. Conrad on Mar. 10, 2019

These are complex and volatile times for the stock market. But we still find a simple approach best for running the Conrad’s Utility Investor model portfolios.

Telecom: Get Big or Go Home

By Roger S. Conrad on Mar. 10, 2019

Sweet yields can bring sour consequences. That’s a lesson I learned once again, after recommending high yielding CenturyLink Inc (NYSE: CTL) in last month’s Feature article. The company was on the Endangered Dividends List for shrinking revenue. Nonetheless, hefty free cash flow and attractive broadband assets convinced me the dividend could be maintained.

Another Wave of Dividend Cuts

By Roger S. Conrad on Mar. 9, 2019

Talk about getting egg on your face: Not one but two of the high yielding companies from last month’s Feature article announced dividend cuts in the past month. The good news is both were already on the Endangered Dividends List and had priced in cuts, so additional downside has been limited.

NTT: Tomorrow’s Telecom for a 20th Century Price

By Roger S. Conrad on Feb. 11, 2019
When the Japanese government called for a big cut in wireless rates last year, NTT DoCoMo (Tokyo: 9437, OTC: DCMYY) was first to respond. Investors immediately assumed the worst, selling off its shares as well as those of its parent and 56.52 percent owner Nippon Telegraph & Telephone (Tokyo: 9432, OTC: NTTYY).

Another Chance to Buy Telecom’s Best

By Roger S. Conrad on Feb. 11, 2019
Last week, Verizon Communications (NYSE: VZ) sold $1 billion in 10-year green bonds at a cost that was 14 percent lower than expected. That’s just the latest demonstration of this company’s superior access to capital, even as it generates $18 billion in free cash flow this year, or twice its total dividends.

Following the Numbers

By Roger S. Conrad on Feb. 11, 2019
For income investors, only two things matter when it comes to returns: Are the companies we own solid on the inside and can they grow their dividends sustainably? Reliably rising dividends keep your income ahead of inflation. Stock prices always follow a rising dividend higher, just as dividend cuts always send them lower.

No New Cuts, Some New Risks

By Roger S. Conrad on Feb. 11, 2019
Dominion Midstream has merged into its general partner Dominion Energy (NYSE: D). Unitholders by now should have received 0.2492 shares of D per DM unit. Factoring in Dominion Energy’s 10 percent dividend increase and a final partnership distribution of 36.9 cents per unit paid last month, Midstream unitholders will receive approximately -6.5 percent less in 2019 distributions than they did in 2018.

Another Crack At High Yield Hunting

By Roger S. Conrad on Feb. 11, 2019
Calendar year 2018 was a tough time for high yield seekers. Interest rates and Federal Reserve policy were hardly the problem. Though quite volatile, the benchmark 10-year Treasury note yield nonetheless finished about where it started. And as for the Fed, what was already the slowest monetary tightening cycle in history has basically stalled out.

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ABOUT ROGER CONRAD

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b